DanielParra99
Short

XAUUSD (2618 Setup) -1H Chart

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
At left side we can see a flag was formed and completed at -0.27 for our 2618 setup:
- double top
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Top + 0.618 = 2618
TP3 (1.618) would be long term for major retracement at previous 0.786 - 0.886 area.

Indicators:
EMA= Both lines haved crossed telling us change of impulse
MACD= Double Top inside MACD with Support & Resistance shows what I expect for 2618
Good Trading.
Comment: Price is exactly at -0.618
Comment: Pullback to 0 retracement of main analysis, also I measure bearish impulse by placing 0.236 right below consolidation and got major retracement at 0.786 where 0 retracement is.
I expect bearish continuation
Goood Trading. -15min Chart

Comments

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